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Beijing is trying to rid mainland stock markets of collusion
between power and money by stepping up investigations of securities companies,
analysts said, while warning of shocks to markets that had just stabilised.

The Singapore Exchange is closely monitoring disclosures of
companies, including those which show large swings in financial positions and
performance, and the regulator warns it will not hesitate to report audit
infractions to relevant authorities.

CNQC (South Pacific), known for developing mass-market
condominiums and executive condominiums in Singapore under the “Qingjian
Realty” brand, underwent a backdoor listing in Hong Kong without any apparent
glitch this month.

The hip, casual trend in business started years ago in
Silicon Valley, with millionaire and billionaire investors shuffling about in
flip-flops and shorts. Then it spread to the hedge fund managers, who
especially during the Internet bubble, sported goatees and wore jeans to the
office, even as traditional money managers were stuck in the uniform of
business suits.